Gold price in July 2002: daily prices, high, low and change
Gold closed July 2002 at $303.20 an ounce, down 3.29% on the month. The highest close was $323.90 on 19 Jul and the lowest $302.50 on 29 Jul. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, July 2002 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = June 2002 close ($313.50).
Daily gold prices in July 2002 (21 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 1 Jul | — | — | — | $314.00 | +$0.50 | +0.16% |
| Tue 2 Jul | $315.00 | $315.30 | $312.80 | $312.80 | −$1.20 | −0.38% |
| Wed 3 Jul | $311.00 | $311.00 | $310.90 | $310.90 | −$1.90 | −0.61% |
| Mon 8 Jul | $313.30 | $313.30 | $312.10 | $312.10 | +$1.20 | +0.39% |
| Tue 9 Jul | $313.40 | $316.10 | $312.60 | $316.10 | +$4.00 | +1.28% |
| Wed 10 Jul | — | — | — | $314.70 | −$1.40 | −0.44% |
| Thu 11 Jul | — | — | — | $317.20 | +$2.50 | +0.79% |
| Fri 12 Jul | — | — | — | $315.60 | −$1.60 | −0.50% |
| Mon 15 Jul | $320.50 | $320.50 | $319.00 | $319.60 | +$4.00 | +1.27% |
| Tue 16 Jul | $318.20 | $318.20 | $317.20 | $317.20 | −$2.40 | −0.75% |
| Wed 17 Jul | — | — | — | $317.40 | +$0.20 | +0.06% |
| Thu 18 Jul | — | — | — | $317.00 | −$0.40 | −0.13% |
| Fri 19 Jul best day | — | — | — | $323.90 | +$6.90 | +2.18% |
| Mon 22 Jul | — | — | — | $323.60 | −$0.30 | −0.09% |
| Tue 23 Jul worst day | — | — | — | $312.70 | −$10.90 | −3.37% |
| Wed 24 Jul | — | — | — | $311.50 | −$1.20 | −0.38% |
| Thu 25 Jul | — | — | — | $309.80 | −$1.70 | −0.55% |
| Fri 26 Jul | — | — | — | $303.40 | −$6.40 | −2.07% |
| Mon 29 Jul | $302.50 | $302.50 | $300.80 | $302.50 | −$0.90 | −0.30% |
| Tue 30 Jul | $301.50 | $305.20 | $301.50 | $303.70 | +$1.20 | +0.40% |
| Wed 31 Jul | $303.70 | $305.30 | $301.80 | $303.20 | −$0.50 | −0.16% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 12 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| July 2002 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $314.00 | $323.90 | $302.50 | $303.20 | −3.29% |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2002 page and the monthly returns heatmap). Intraday highs and lows are not shown because the source lacks usable intraday data for part of this month.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in July 2002: summary
Gold dropped 3.29% in July 2002, from $313.50 at the end of June 2002 to $303.20 an ounce. Settlement prices ranged from $302.50 on 29 July 2002 to $323.90 on 19 July 2002, a spread of $21.40 (6.8%), wider than the 4.6% average of the previous 12 months. Gold closed higher on 8 of 21 trading days and lower on 13; the strongest session was 19 July 2002 (+2.18%) and the weakest 23 July 2002 (−3.37%).
The −3.37% move on 23 July 2002 was the largest one-day fall of 2002, and the largest in the daily record, which starts in August 2000. On the monthly change, July 2002 was the 3rd-worst July of the 26 since 2001.
How July 2002 compares
- Against other Julys: at −3.29%, July 2002 ranks 24th of 26 Julys since 2001 (best first).
- Against every month: it ranks 262nd of 313 months since September 2000, better than 16% of them.
- Range: the gap between the highest and lowest close was $21.40, or 6.8% of the opening level, 1.5× the 4.6% average of the previous 12 months.
- Daily moves: the average day moved 0.77% (up or down), against 0.60% over the previous 12 months, so July 2002 was more volatile than usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 6 days.
- Bigger picture: at the month-end close gold was +8.79% for 2002 to the end of July and +13.90% over 12 months (against the July 2001 close of $266.20).
- Average price: the mean of the 21 daily closes was $313.28; the World Bank's monthly average of the London (LBMA) price was $313.00.
Across the other 25 completed Julys since 2001, gold averaged +1.10% and rose in 15 of them (60%). July 2002 lagged that average by 4.4 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Julys side by side.
July 2002 in today's dollars
Adjusted for US consumer-price inflation, the $303.20 closing price equals about $566 in September 2026 dollars (CPI 180.0 in July 2002 against 336.3 in September 2026, FRED series CPIAUCSL), 87% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2002
The gold price in 2002 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in July 2002?
Gold closed July 2002 at $303.20 an ounce (COMEX settlement). It opened the month at $314.00 and averaged $313.28 across 21 trading days; the World Bank’s London average for the month was $313.00.
Did gold go up in July 2002?
No. Gold was down 3.29% in July 2002, from $313.50 at the end of June 2002 to $303.20. It closed higher on 8 of 21 days. Among Julys since 2001 it ranks 24th of 26 (best first).
What was the highest gold price in July 2002?
The highest close was $323.90 on 19 July 2002.
What was the lowest gold price in July 2002?
The lowest close was $302.50 on 29 July 2002, $21.40 (6.8%) below the month’s highest close.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.